Asia-Pacific hotel revenue set rise on in 2024
Business, leisure bookings pick up, but labour, energy, tech, ESG challenges ahead…
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Conroe leaders say $107M Hyatt hotel won't see a profit for years, calling project a 'money pit'
Financial questions around Conroe's new $107 million Hyatt Regency Hotel and Conference Center continue to linger with council members calling the facility a “money pit” and revenue projections for 2024 unrealistic.The hotel and convention center…
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Caesars And MGM: Cybersecurity Issues Derail Shares Of Casino Names
It would be a nightmare for any large publicly traded American company but imagine the effects of a cyber attack on the security of major casino/resorts based in Las Vegas…
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ITC's hotel business will not need significant capital raise, says CMD Sanjiv Puri
ITC CMD Sanjiv Puri said that the hotel business will have no debt and it will be able to fund its expansion over the next two to three years…
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Momentus Hotels & Resorts launches debut serviced apartments
Singapore: Chip Eng Seng Group has introduced its first serviced apartments, operated through its hospitality brand Momentus Hotels & Resorts…
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Some upsell revenue is better than others. A guide to where you are really making money
Upselling offers one of the most effective, proven ways to increase a hospitality organization’s income by selling to someone who is already your customer…
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Whatever Happened to the Off-Season?
The heat, mobs and high prices of recent summers are making off-season travel more popular — perhaps too popular, some say, as they watch prices rise and crowds grow…
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Hilton's Chief Brand Officer just told us about the chain's newest one
Matthew Schuyler, Hilton's Chief Brand Officer, talked to TheStreet about the company's new Tempo hotel brand…
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Marriott Hotels selects EV Connect as preferred charging provider
The US American hotel chain Marriott Hotels has selected EV Connect as a new charging operator to help set up charging infrastructure at their US and Canadian locations.
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US hotel loan defaults could rise on falling leisure stays, climbing costs
U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are expected to pinch their profits…
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IHG Captures Top Spot for Extended Stay Accommodations
IHG’s classic brands Candlewood Suites and Staybridge Suites comprise the bulk of its extended-stay portfolio. The company added the Atwell Suites concept in 2019 and it’s beginning to add options in key cities…
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Hilton says it is working to disclose mandatory fees
Hilton Worldwide Holdings (HLT.N) said on Thursday that it was working to ensure mandatory fees are displayed upfront on all its websites and apps…
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Hyatt Wins BTN Hotel Survey for Traditional Hotel Brands
Hyatt, Hilton and Marriott — In that order—took the top three spots in BTN's corporate travel buyer survey of traditional hotel partners. U.K.-based IHG Hotels & Resorts placed fourth and French hotel giant Accor placed fifth…
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First Hospitality to acquire Hostmark Hospitality Group
First Hospitality, a national hotel management and development company, has an agreement in place to acquire the majority of the hotel management agreements of Schaumburg, IL-based Hostmark Hospitality Group…
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Hyatt Strengthens Luxury and Lifestyle Growth With Strategic Expansion Across the Americas Region
Hyatt brands enter new markets, recent acquisitions broaden offerings for the industry’s fastest growing loyalty program - Hyatt Hotels Corporation (NYSE: H) continues to strategically grow its luxury and lifestyle brand footprint with a strong…
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RedDoorz to focus on Indonesian, Philippine hotels: CEOs Strategy
Budget chain aims to increase properties to 8,000 over next few years…
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HOW CRYSTAL VINISSE THOMAS IS REMAKING HYATT’S BRANDS FOR A MODERN TRAVELER
The VP global brand leader, lifestyle and luxury brands is one of Ad Age’s 2023 40 Under 40 honorees. Four years ago, Crystal Vinisse Thomas decided to return to hospitality by taking a job at Hyatt.
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t’s a New York icon with its distinctive signage. The New Yorker Hotel, at 481 Eighth Avenue, has a history dating back to 1930, playing host to world-famous figures like John F Kennedy, Fidel Castro and Joe DiMaggio even as ownership has shifted…
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Netflix Billionaire Buys North America’s Largest Ski Resort
The latest news in the ski world is the marriage of a 21st-century tech billionaire and a troubled ski mountain…
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Dubai’s Five Hotels Publishes Financial Results for First Time
One of Dubai's top hotel holding companies suddenly posts two and a half years of financial data on its website. Either FIVE is feeling very proud of itself, or it's planning to go public soon.
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‘Why I turned my thriving hotel into church’
United Kingdom-trained lecturer, Dr. Segun Akindayini, is not a stranger to the entertainment industry. For 10 years, he was a lecturer at Thames Polytecnic (now University of Greenwich), London…
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Opinion - Hilton’s push into budget travel isn’t hurting the company many expected to take a hit
When Hilton first announced its economy brand Spark at the beginning of this year, hotel industry analysts buzzed over the potential blow that would have to Wyndham Hotels & Resorts…
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Wyndham Launches New Hotel Owner and Guest Engagement Platforms
Wyndham Hotels & Resorts, the world’s largest hotel franchising company by the number of properties, recently announced the launch of two new platforms designed to enhance the hotel ownership and guest experience…
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Wyndham hotels CEO speak on future AI plans for company
Richard Quest speaks with Wyndham Hotels CEO Geoff Ballotti about its development of an AI chatbot concierge.
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